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A portion of a Gamasutra interview with Square Enix CEO and president Yoichi Wada and Eidos CEO Phil Rogers...
GS: Something that interests me very much right now is seeing Front Mission: Evolved announced at E3, because it's being developed by Double Helix in North America. Before I jump to conclusions, is there a possibility that one of the Eidos development teams could work with what was originally Square Enix IP, or vice versa?
Yoichi Wada: I think that's possible. But what's more important is that the two companies, for example, are going to be creating a new IP together.
What's going to be important is to be able to get a mutual understanding of each of the quarters so that we will be able [to create it], and what is going to be born from this new unity.
But I believe that there is also going to be the mutual exchange of the IPs between the two parties as well. That can happen in areas outside of the game as well; for example, Square Enix not only has IP for games, but there's also IP for animation or manga, as well. So those IPs might be leveraged, for example, by Eidos -- in order to turn them into a game.
Or it can be vice versa as well: the game IP that the Eidos team has might be transferred over to the Square Enix team to turn it into a comic book, for example, or animation, or figures as well. And so those are some of the areas that this question concerns, as well.

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No, it'll be for the DS. Their DS games are huge sellers in Japan.
Guess we'll see what it is in the future. ^_^
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